Wells Fargo names Tom Nides vice chairman
Nides, former U.S. ambassador to Israel, has moved back and forth between Washington and Wall Street for years, including two stints at Morgan Stanley.
BofA sees equities exodus, 10-year Treasuries yield highest since 2007
Markets are readjusting for rates that are higher for longer.
JPMorgan Private Bank hires $2B high-net-worth advisor team from rival
Three advisors boost the firm's reach in the Pacific Northwest.
Home-flipping profits increased in the second quarter
But we are a long way from the peaks hit in 2021, and will the trend stick?
Hedge fund billionaire accused of hiding assets during divorce
Lawsuit alleges John Paulson used a sham home sale to gain $10M from family trust.
China may change foreign cap to entice global funds
Beijing is considering ways to boost trading on three key markets.
Schroders’ new bond scores level ESG playing field
Emerging markets look more attractive once rich-world bias is corrected.
China’s ultra-rich head home as tensions with US increase
Wealthy Gen Zs are mulling whether to stay in the West or return to Asia to build their wealth.
Altruist eliminates software fees for RIAs
Advisors who custody exclusively with Altruist will receive free software, while firms that work other custodians will get the first 100 accounts for free.
Securitized products offer safe alternatives to Treasuries, says Janus Henderson strategist
Economy remains resilient despite interest-rate hikes, and mortgages are very cheap right now, says John Kerschner.
